Potaw Company Reported the Following Data at the End of 2010

question 96

Multiple Choice

Potaw Company reported the following data at the end of 2010: $$\begin{array} { l r } \text { Sales revenue } ( 75 \% \text { on credit) } & \$ 300,000 \\\text { Expenses ( } 26 \% \text { on credit) } & 60,000 \\\text { Accounts receivable, net at December } 31,2010 \text { (a decrease } & \\\text { of } \$ 4,000 \text { during } 2010 ) & 8,000 \\\text { Total assets } & 200,000 \\\text { Stockholders' equity } & 150,000\end{array}$$ What was the accounts receivable turnover ratio?

• A)30.0
• B)37.5
• C)36.5
• D)22.5

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Definitions:

Medium Positive Effect

A statistical term indicating a moderate level of positive change or impact observed in data, often in the context of experimental and psychological research.

Client Satisfaction

The extent to which clients are happy and content with the services they have received, often used as a measure of service quality.

Health-risk Behaviors

Activities undertaken by individuals that increase the likelihood of developing health problems or harm.

Clinicians

Healthcare professionals who work directly with patients, diagnosing and treating illness or injury.